Despite Poor Sales in China, Toyota Raises Forecast

TOKYO—Toyota Motor Corp. lifted its profit forecast for the current fiscal year Monday, dispelling concerns that tumbling sales in China amid anti-Japanese sentiment could derail plans for a robust recovery from damage to its business from last year’s natural disasters.

The upward outlook revision—the first and likely only among Japan’s top-three car makers—is a rare upbeat view among Japan’s blue-chip companies as consumers in China, the world’s second largest economy, shun Japanese goods, from cosmetics to consumer electronics and cars.

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